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Business
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| Harris Broadcast Revenue Is Up |
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5.02.2008
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Harris said its broadcast communications revenue in the recent quarter was up 14 percent compared to a year earlier, to $159 million.
“Strong orders and an increase in backlog in the third quarter are expected to drive higher sales and operating income in the fourth quarter,” the company told investors. “A number of new initiatives are also underway to further reduce operating expenses and improve gross margins.”
Harris does not break out radio business within the larger Broadcast Communications sector and it did not describe radio trends in its report.
But it said revenue grew in all business areas both U.S. and abroad, thanks to “the continuing global conversion to both digital and HD (high-definition) operations. Sales of transmission systems grew at double-digit rates, compared to the prior-year quarter, as a result of strong shipments in the U.S. market for the over-the-air digital transmission build-out. Double-digit growth continued in infrastructure and digital media systems, including routers, graphics equipment and multiviewers.”
It said sales of traffic and billing software also improved; and the company cited recent implementations using its Harris One workflow solution in Taiwan, Brazil, Saudi Arabia and Switzerland.
Parent company Harris Corp. said revenue in its third quarter was $1.33 billion, up 24 percent; setting aside the impact of previous acquisitions, organic revenue increased 15 percent.
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